Personal Finance
Some bicycle insurance products would also cover the accessories of your cycle in case of theft and damage, which can be quite expensive to replace on its own
Updated : Oct 08, 2019, 06:35 AM IST
To transfer the insurance, the new owner can approach the insurance company for name transfer endorsement with your consent (request letter from the previous insured) along with the proof of vehicle transfer.
A bicycle insurance policy is an essential piece of kit for every cyclist. There are a handful of companies which offer this product in India. You should look at a policy that covers as many features as possible that a bicycle enthusiast, whether riding road, mountains or commuting, would find useful. It should provide protection if your bicycle is vandalised, damaged or stolen or if you hurt yourself while riding the cycle. Some bicycle insurance products would also cover the accessories of your cycle in case of theft and damage, which can be quite expensive to replace on its own.
President - Personal Lines, Bancassurance & Affinity and Marketing, Liberty General Insurance